OMNI Home Care Acquired by MBF Healthcare Partners and Goldman Sachs Urban Investment Group

MBF Healthcare Partners, LP ("MBF”) and the Goldman Sachs Urban Investment Group ("Goldman Sachs”) today announced the acquisition of OMNI Home Care ("OMNI”), a leading provider of skilled nursing and therapy home healthcare services. MBF and Goldman Sachs will share joint ownership of OMNI; Wachovia and ORIX Finance Corp. led the financing of the senior credit facility; other details of the acquisition were not disclosed. Through the acquisition, MBF and Goldman Sachs will seek to maximize OMNI’s potential for organic and acquisitive growth. OMNI, a Coral Springs, FL based company founded in 2001, is a leading provider of healthcare services to homes in more than 30 locations across Florida, Pennsylvania, Ohio, Indiana and Illinois. OMNI offers coordinated skilled home health nursing and rehabilitation therapy programs that are readily implemented in a variety of housing settings that benefit senior residents. OMNI has established itself as a leader in implementing innovative ways to provide quality care to its patients and is well positioned to grow organically and explore additional acquisitions to expand the platform of its services. "OMNI’s strong presence across Florida presents a number of opportunities to capitalize on adjacent markets. We are excited about the opportunity to partner with MBF and Goldman Sachs to grow the company and capitalize on the opportunities currently available in the home healthcare market,” said Fred Portnoy, Chief Executive Officer of OMNI Home Care. "Our current management team has built the company since 2001 into a high quality, growth oriented regional home health provider without the aid of institutional capital. We are excited to enter the next phase of growth for OMNI alongside MBF and Goldman Sachs.” Mr. Portnoy will join the Board of Directors for OMNI. Home health is one of the fastest growing segments in the delivery of health care. Home care spending from both public and private sources grew from $2.4 billion in 1980 to an estimated $64.2 billion in 2008, driven by favorable underlying demographic trends, new clinical protocols that expanded the range of home-based therapy, lower cost of home care relative to facilities-based care, and patient preferences for in-home care. As the U.S. over-65 population increases and the industry seeks to contain rising costs, home care is increasingly viewed as a favorable alternative for treatment. Miguel (Mike) B. Fernandez, Chairman at MBF said, "We have been looking at making an investment in the home nursing industry for quite some time and are excited to partner with Goldman Sachs on the OMNI transaction. OMNI and its management team represent the very best in class in home nursing and we are looking forward to working with them to maximize their growth potential.” MBF will hold two Board of Directors seats on OMNI’s board. Martin Chavez, Managing Director at Goldman Sachs in the Urban Investment Group said, "We are very pleased to have the opportunity to work with OMNI’s management team and MBF. We believe Mr. Portnoy and his management team have a strong track record of operating excellence that will prove to be very valuable as the industry adopts the 2008 Prospective Payment System rule changes. We look forward to working jointly with MBF, leveraging their deep sector expertise, in building a leading national home care provider.” Goldman Sachs will also hold two Board of Directors seats on OMNI’s board. About OMNI Home Care: OMNI, a Coral Springs, FL based company founded in 2001, is a leading provider of healthcare services to homes in more than 30 locations across Florida, Pennsylvania, Ohio, Indiana and Illinois. About MBF Healthcare Partners: MBF Healthcare Partners, LP is a private equity fund focused exclusively on investing in healthcare services companies and currently has $410 million under management. MBF is minority owned and operated. To learn more about MBF visit www.mbfhp.com. About Goldman Sachs Urban Investment Group: The Goldman Sachs Urban Investment Group is part of the Merchant Banking Division within The Goldman Sachs Group, Inc. (NYSE: GS), that invests growth capital in ethnic minority-owned or targeted businesses and urban real estate. Founded in 1869, Goldman Sachs is a leading, global investment banking, securities and investment management firm. The firm is headquartered in New York and maintains offices in Atlanta, Miami, Chicago, Houston, San Francisco and Los Angeles. To learn more about the Goldman Sachs Urban Investment Group, please visit www.gs.com/uig.